Short term loan no credit check, can I get one?
CUJ Loans is a credit broker who is fully authorised and regulated by The Financial Conduct Authority. All companies who provide credit are required by law to complete a credit search. Short term loan providers are no different. While they are able to offer loans for bad credit, they are still required to do the mandatory searches along with all other credit providers. In short, that means there is no such thing as a short term loan with no credit check.
Short term loan with no credit check questions:
Q1 – I have bad credit, will a credit check stop me from being approved?
Q2 – Do CUJ Loans use Soft Search?
Q3 – Which loan company is best for customers with bad credit?
Q4 – Can I apply without damaging my credit score?
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Do CUJ Loans use Soft Search?
As a credit broker, CUJ Loans does not perform a credit check. We work with a panel of lenders to find customers who need to borrow money the best short term loans for their circumstances. All of the lenders that we work with use Soft Search technology, this means that when you apply for a loan through CUJ Loans, it does not have an impact on your credit score. A soft search acts like a background check and is used by lenders when initially assessing an application, this search cannot be seen by other lenders. It is only after you have been approved for a loan and you decide to proceed that the lender will perform a hard search. This is completed with your permission when you are ready to take out the loan. A hard search can be seen by other lenders and multiple hard searches can have an adverse impact on your credit rating.